The latest announcement is out from SNDL ( (SNDL) ).
SNDL Inc. reported record financial results for the fourth quarter and full year of 2024, with net revenue reaching $920.4 million and gross profit at $240.3 million. Despite an operating loss due to exceptional items, the company achieved positive free cash flow and made strategic acquisitions, including Nova Cannabis Inc. and Indiva Inc., enhancing its market position. SNDL also repurchased shares and applied for a listing on the Canadian Securities Exchange, aiming to generate $100 million in positive annual free cash flow within the next three years.
More about SNDL
SNDL Inc. operates in the cannabis industry, focusing on the production and sale of cannabis products. The company is known for its cannabis business, which has shown significant growth, and it is positioning itself as a leader in the infused edibles market in Canada.
YTD Price Performance: -18.42%
Average Trading Volume: 2,013,255
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $400.9M
See more insights into SNDL stock on TipRanks’ Stock Analysis page.